The City of Thunder Bay has been told that its proposed Events Centre still has another shot at accessing money from the federal P3 Canada fund.
After initially being rejected for the third round, the city was advised that it can re-submit its application for the next round; just make no mention of hockey.
In a Dec. 13 release, city manager Tim Commisso said P3 Canada made a policy change to exclude arenas, but trade or convention centres are still eligible.
The city plans to re-submit its application by next spring. A business plan must show what the centre's projected revenues would be.
“We've also learned that P3 Canada has reduced the minimum capital project expenditure threshold to $20 million, which may help in the long run,” said Commisso.
The city is pressing ahead with a feasibility study to move the proposed arena and convention facility, dubbed the Multiplex, to 'shovel-ready' status. The event centre would be a replacement for the aging Fort William Gardens in Thunder Bay's south business core.
The sites under consideration are the airport, Innova Business Park and a near-waterfront property in the downtown of the former Port Arthur.
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